We would love to hear your thoughts about our site and services, please take our survey here.
Can’t see a pump and dump , of the previous scale, totally different circumstances, peeps were looking for a quick fire sale, ru our. We have had a independent report since, valuing the company at a conservative 56p to 60p. News of flanks about to drop, possible negotiation updates from the mining convention in Africa. No coincidence big, IG money ploughed in since that convention with all the big boys. Now tell me in or out? Hmmmm think I’ll stick in and add on any small dips, cos those dips are only over a small period and mainly for MM’s to fill a buy order. GLA
Another from Rebs. Great post ,
The beauty of EUA is that its a unique asset class. There isn't another play on AIM (or LSE for that matter) like it.
Plenty gold plays, coal plays, O&G plays, which could be bought up.
EUA is unique. 'The last unconsolidated Palladium play' and boy is there a **** load of Pd in them hills!
Add the fact that BOD are great, Pd prices are through the roof, there is a global shortage that shows no signs of abating, lowest cost to produce, and flanks approval imminent and you have the PERFECT STORM.
I doubt we'll see another like it. Enjoy the ride!
Great post , just to remind folk and not to hesitate, might miss the boat, Tilly’s Galleon to be precise :-)
Why EUA ?
INVESTMENT CASE
Monchetundra moving towards production– Eurasia has made considerable progress in the advancement of its second key asset – the Monchetundra project – towards production. It is a low-cost open-pit palladium-driven project. Located in the Kola peninsula it boasts of excelling mining infrastructure ensuring low costs and capital intensity. Monchetundra (80%-owned) has approved reserves of 1.9 Moz of palladium equivalent (2 PGM+Au) in addition to significant copper and nickel deposits. The deposit is palladium-rich with a Pd to Pt ratio of 3:1 based on grade, making it one of only few new palladium-dominant development projects globally. The project has received a mining permit and is fully funded via a $176 million Engineering Procurement, Construction and Commissioning (EPC) contract with Sinosteel.
Monchetundra sale could raise in excess of $1.5bn on Pd valuation alone – Given its attractive characteristics, Monchetundra is a very likely M&A play for major mining companies looking for Pd rich quality assets. Recognizing this, management has indicated the option of a strategic sale of the asset. EUA management states that it has started to work with two banks; CITIC, one of China’s largest investment banks and VTB Capital, one of Russia’s largest investment banks to help with the
Platinum Group Metal (PGM) focused company – EUA is a PGM mining company based in Russia and listed on the London Stock Exchange AIM market. Its two core projects include – 1) West Kytlim – an operating PGM mine in the Ural Mountains; and 2) Monchetundra – a palladium open pit deposit in the Kola peninsula. Eurasia also maintains an interest in the Semonovsky Gold in Mine Tailings Project.
West Kytlim already in production – West Kytlim, the second-largest alluvial PGM mine in production globally, has been in full-scale production since 2018 (~165 Kg of platinum produced). Contractor related issues saw production declining in 2019 which EUA has since overcome and is now aiming to ramp up production to 709kg or 25,000oz of platinum per annum over the next couple of years. EUA now operates the mine on a 100% revenue basis compared to the previous arrangement of 30-35% revenue.